Welcome to this short update on BTC .
55MA is a key oscillator to keep an eye on for a breakout in BTC .
It has been getting rejected for a very long time.
A break and close above the 55 MA will trigger a bullish PA.
Currently, the price is trading right below this MA.
I am bullish , this is a good price to accumulate BTC .
Even if BTC makes a new low that will merely be another opportunity.
I am looking at the long picture. If you are a swing trader or a scalper this could be a good price to long with a Stop Loss right below $17,969.
Let me know what you think and do hit the like button if you like my updates.
Stay safe
55MA is a key oscillator to keep an eye on for a breakout in BTC .
It has been getting rejected for a very long time.
A break and close above the 55 MA will trigger a bullish PA.
Currently, the price is trading right below this MA.
I am bullish , this is a good price to accumulate BTC .
Even if BTC makes a new low that will merely be another opportunity.
I am looking at the long picture. If you are a swing trader or a scalper this could be a good price to long with a Stop Loss right below $17,969.
Let me know what you think and do hit the like button if you like my updates.
Stay safe